The effect of renewable energy consumption on economic growth in KSA: A bootstrap causality test

IF 4 4区环境科学与生态学 Q2 ENVIRONMENTAL STUDIES

Energy & Environment Pub Date : 2022-05-06 DOI:10.1177/0958305X221096856

Hakim Berradia, M. Abid, Habib Sakrafi, Zouheyr Gheraia, Hanane Abdelli

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引用次数: 3

Abstract

The majority of studies analyzed show a positive and statistically significant impact of renewable energy consumption on economic growth. Nevertheless, some studies suggest a limited effect, while others find no statistically significant effect. Faced with this problem, we conducted a study aimed at analyzing the impact of renewable energy consumption on economic growth in the Kingdom of Saudi Arabia for the period 1990–2020. To determine the integration properties of the variables, we utilized the sharp and smooth structural breaks unit root test developed by Shahbaz, Omay and Roubaud (SOR). We also used the bootstrap approach of testing ARDL limits to examine the cointegration between variables. Using the VECM model, we studied the causal relationship between economic growth and its determinants. The results show, in the short and long run, the existence of a bidirectional causality between renewable energy consumption and economic growth (Feedback Hypothesis). Thus, there is a bidirectional relationship between GDP and capital and also between GDP and labor, in the long run. Therefore, an important policy implication resulting from this analysis is that renewable energy can be considered as an important factor for sustainable economic development in Saudi Arabia. The findings for Saudi Arabia may also be relevant for oil exporting countries to achieve efficiency and promote the renewable energy sector beyond oil.

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可再生能源消费对沙特阿拉伯经济增长的影响:一个自举因果检验

分析的大多数研究表明，可再生能源消费对经济增长具有积极的、统计上显著的影响。然而，一些研究表明效果有限，而另一些研究则没有发现统计上显著的效果。面对这一问题，我们进行了一项研究，旨在分析1990-2020年期间沙特阿拉伯王国可再生能源消费对经济增长的影响。为了确定变量的积分性质，我们使用了Shahbaz, Omay和Roubaud (SOR)开发的尖锐和平滑结构断裂单位根检验。我们还使用了测试ARDL极限的自举方法来检查变量之间的协整。利用VECM模型，我们研究了经济增长与其决定因素之间的因果关系。结果表明，从短期和长期来看，可再生能源消费与经济增长之间存在双向因果关系(反馈假设)。因此，从长远来看，GDP与资本之间存在双向关系，GDP与劳动力之间也存在双向关系。因此，这一分析得出的一个重要的政策启示是，可再生能源可以被认为是沙特阿拉伯经济可持续发展的重要因素。沙特阿拉伯的研究结果也可能与石油出口国提高效率和促进石油以外的可再生能源部门有关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Energy & Environment ENVIRONMENTAL STUDIES-

CiteScore

7.60

自引率

7.10%

发文量

157

期刊介绍： Energy & Environment is an interdisciplinary journal inviting energy policy analysts, natural scientists and engineers, as well as lawyers and economists to contribute to mutual understanding and learning, believing that better communication between experts will enhance the quality of policy, advance social well-being and help to reduce conflict. The journal encourages dialogue between the social sciences as energy demand and supply are observed and analysed with reference to politics of policy-making and implementation. The rapidly evolving social and environmental impacts of energy supply, transport, production and use at all levels require contribution from many disciplines if policy is to be effective. In particular E & E invite contributions from the study of policy delivery, ultimately more important than policy formation. The geopolitics of energy are also important, as are the impacts of environmental regulations and advancing technologies on national and local politics, and even global energy politics. Energy & Environment is a forum for constructive, professional information sharing, as well as debate across disciplines and professions, including the financial sector. Mathematical articles are outside the scope of Energy & Environment. The broader policy implications of submitted research should be addressed and environmental implications, not just emission quantities, be discussed with reference to scientific assumptions. This applies especially to technical papers based on arguments suggested by other disciplines, funding bodies or directly by policy-makers.